A U.S. Treasury Department official acknowledged Monday that the agency has thus far put forth only limited guidance on carrying out the new corporate alternative minimum tax but said officials are working to come up with a comprehensive set of rules. Enacted in August under the Inflation Reduction Act (117 P.L. 169), the alternative minimum tax, or AMT, affects companies that report more than $1 billion in global adjusted financial statement income — as averaged over three years — and pay less than 15% of that amount in tax.
A&M Managing Director Kevin M. Jacobs presented at this year's Tax Executive Institute Conference, where he and fellow panelists discussed the challenges of the new corporate AMT and identified key areas that still need guidance. His comments have been highlighted by publications Tax Notes and Law360.
Key Tax Ruling on Outbound Software Payments: Business Profits vs. Royalties
September 11, 2025
Thailand's latest tax ruling on outbound software payments introduces a rights-based approach to classify payments as business profits or royalties. This shift aligns with international tax standards and impacts cross-border technology transactions, including cloud computing and custom software development. Learn how to optimize withholding tax exposure under this new interpretation.
Managing Director Kevin M. Jacobs Featured in The Wall Street Journal
September 11, 2025
A&M Tax Managing Director Kevin M. Jacobs was recently featured in The Wall Street Journal in an article highlighting the cash savings companies are benefiting from under the new tax law.
Changes Coming to the Washington Sales Tax Landscape on October 1, 2025
September 11, 2025
In May 2025, Washington enacted multiple tax bills into law, including Senate Bill 5814 (SB 5814), which takes effect on October 1st and will broaden the sales and use tax base and the Business and Occupation (B&O) tax retailing classification to include several new services.
US-Mexico treaty notification and protective claim requirements
September 8, 2025
Companies in Mexico with a local presence that are currently undergoing, or may in the future undergo, a tax review for FY 2020 of its transfer pricing policies involving the United States, need to file a protective claim/notification no later than September 30th, 2025.
